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As the <keyword id="20201477" type="General" weightage="20" keywordseo="Paris-2024-Olympics" source="keywords">Paris 2024 Olympics</keyword> unfolds, <keyword id="20430758" type="General" weightage="20" keywordseo="Indian-athletes" source="keywords">Indian athletes</keyword> are poised to shine on the global stage, promising thrilling performances and unforgettable moments. This week, from August 1 to August 6, India's sports enthusiasts have a packed schedule of must-watch events.<br /><br />Key highlights include the promising <keyword id="20241095" type="General" weightage="20" keywordseo="Manu-Bhaker" source="keywords">Manu Bhaker</keyword> in the <keyword id="22628612" type="General" weightage="20" keywordseo="25m-Pistol-event" source="keywords">25m Pistol event</keyword>, a high-stakes <keyword id="6362179" type="General" weightage="20" keywordseo="hockey" source="Orion">hockey</keyword> match between India and Belgium, and <keyword id="30621" type="General" weightage="20" keywordseo="badminton" source="Orion">badminton</keyword> prodigy <keyword id="20123154" type="General" weightage="20" keywordseo="Lakshya-Sen" source="keywords">Lakshya Sen</keyword>'s crucial games. With each athlete carrying the hopes of a nation, the coming days are set to showcase the spirit and talent of Indian sports, making it a week not to be missed.<br /><h2>Thursday, August 1</h2><h3>11:30 AM: Men’s 20km Race Walk</h3>Indian athletes competing: Vikash Singh, Paramjeet Singh Bisht and Akshdeep Singh<br /><h3>12:30 PM: Golf Men’s Individual Stroke Play Round 1</h3>Indian athletes competing: Gaganjeet Bhullar and Shubhankar Sharma<br /><h3>1:00 PM: Shooting (Kusale wins Bronze medal)</h3>50 Rifle 3 Positions Men’s Final with Swapnil Kusale<br /><h3>1:20 PM: Women’s 20km Race Walk</h3>Indian athletes competing: Priyanka<br /><h3>1:30 PM: Hockey</h3>Men’s Pool B with India v Belgium<br /><h3>2:30 PM: Boxing</h3>Women’s 50kg Preliminaries Round of 16 with Zareen Nikhat vs China’s Wu Yu<br /><h3>1:00 PM: Men’s Individual Archery</h3>1/32 Elimination Round with Pravin Ramesh Jadhav vs China’s Kao Wenchao<br /><h3>3:30 PM: Shooting</h3>50m Rifle 3 Positions Women’s Qualification with Sift Kaur Samra and Anjum Moudgil<br /><h3>3:45 PM: Sailing Men’s Dinghy</h3>Indian athletes competing: Vishnu Saravanan<br /><h3>4:30 PM: Badminton</h3><ul><li>Men’s Doubles Quarterfinal with Shetty/Rankireddy vs Malaysia’s Chia/Soh</li><li>Men’s Singles Round of 16 with H S Prannoy and Lakshya Sen</li></ul><h3>7:05 PM: Sailing Women’s Dinghy</h3>Indian athletes competing: Nethra Kumanan<br /><h3>10:00 PM: Badminton</h3>Women’s Singles with V Sindhu Pusarla vs China’s HE Bing Jiao<br />        <div type="Article" hostid="261" msid="112191180" title="Swapnil Kusale wins Bronze in men&amp;#39;s 50m rifle 3 positions event, India’s third medal at Paris Olympics 2024" mstype="2" mssubtype="0"></div><h2>Friday, August 2<br /></h2><h3>12:30 PM: Golf</h3>Men’s Individual Stroke Play Round 2 with Shubhankar Sharma and Gaganjeet Bhullar<br /><h3>12:30 PM: Shooting</h3>25m Pistol Women’s Qualification Precision with Esha Singh and Manu Bhaker<br /><h3>1:30 PM: Shooting</h3>Day 1 of Skeet Men’s Qualifications with Anant Jeet Singh Naruka<br /><h3>1:00 PM: Mixed Team Archery</h3>⅛ Elimination Round with India v Indonesia<br /><h3>1:00 PM: Rowing</h3>Men’s Single Sculls Final D with Balraj Panwar<br /><h3>1:30 PM: Judo</h3>Champ-de-Mars Arena Mat 1 with Tulikaa Maan vs Cuba’s Idalys Ortiz<br /><h3>3:45 PM: Sailing Women’s Dinghy</h3>Indian athletes competing: Nehtra Kumanan<br /><h3>4:45 PM: Hockey</h3>Men’s Pool B with India v Australia<br /><h3>7:05 PM: Sailing Men’s Dinghy</h3>Indian athletes competing: Vishnu Saravanan<br /><h3>9:40 PM: Women’s 5km</h3>Round 1 with Ankita and Parul Chaudhary<br /><h3>11:40 PM: Men’s Shot Put Qualification</h3>Indian athletes competing: Tajinderpal Singh Toor<br />        <div type="Article" hostid="261" msid="112164992" title="India&amp;#39;s Lakshya Sen stuns world number 3 to secure pre-quarterfinal spot in men&amp;#39;s badminton at Paris Olympics" mstype="2" mssubtype="0"></div><h2>Saturday, August 3</h2><h3>12:30 PM: Shooting</h3>Day 1 of Skeet Women’s Qualifications with Raiza Dhillon and Maheshwari Chauhan<br /><h3>1:00 PM: Archery</h3>Women’s Individual ⅛ Elimination Rounds with Deepika Kumari vs Germany’s Michelle Kroppen and Bhajan Kaur vs Indonesia’s Diananda Choirunisa<br /><h3>3:45 PM: Sailing Men’s Dinghy</h3>Indian athletes competing: Vishnu Saravanan<br /><h3>5:55 PM: Sailing Women’s Dinghy</h3>Indian athletes competing: Nethra Kumanan<br /><h3>12:02 AM: Boxing</h3>Men’s 71kg Quarterfinals with Nishant Dev vs Mexico’s Marco Alonso Verde Alvarez<br />        <div type="Article" hostid="261" msid="112102370" title="Who is Manu Bhaker, the first Indian woman to win a Bronze Medal in Shooting at the Olympics?" mstype="2" mssubtype="0"></div><h2>Sunday, August 4</h2><h3>12:30 PM: Shooting</h3>Stage 1 of 25m Rapid Fire Pistol Men’s Qualification with Vijayveer Sidhu<br /><h3>3:02 PM: Boxing</h3>Women’s 75kg Quarterfinals with Lovlina Borgohain vs China’s Li Qian<br /><h3>3:35 PM: Sailing Men’s Dinghy</h3>Indian athletes competing: Vishnu Saravanan<br /><h3>6:05 PM: Sailing Women’s Dinghy</h3>Indian athletes competing: Nethra Kumanan<br />        <div type="Article" hostid="261" msid="112168919" title="Ticket collector like Dhoni, son of female sarpanch makes rare Olympic final" mstype="2" mssubtype="0"></div><h2>Monday, August 5</h2><h3>1:30 PM: Table Tennis</h3>Women’s Team Round of 16 with India v Romania<br /><h3>3:45 PM: Sailing Women’s Dinghy</h3>Indian athletes competing: Nethra Kumanan<br /><h3>6:10 PM: Sailing Men’s Dinghy</h3>Indian athletes competing: Vishnu Saravanan<br />        <div type="Article" hostid="261" msid="112137862" title="&amp;quot;Took me long to overcome&amp;quot;: History-maker Bhaker on her Tokyo Olympics 2020 gun malfunction" mstype="2" mssubtype="0"></div><h2>Tuesday, August 6</h2><h3>1:30 PM: Table Tennis</h3>Men’s Team Round of 16 with India v China<br />

25m pistol with Manu Bhaker, Lakshya Sen pre-quarterfinals: Don't miss these exciting Indian Olympics games from Aug 1-6!

Paris [France]: After finishing fourth in the <keyword id="22708996" type="General" weightage="20" keywordseo="womens-49kg-weightlifting" source="Orion">women's 49kg weightlifting</keyword> event at the <keyword id="20006192" type="General" weightage="20" keywordseo="Paris-Olympics" source="keywords">Paris Olympics</keyword>, Indian weightlifter <keyword id="20981484" type="General" weightage="100" keywordseo="Mirabai-Chanu" source="keywords">Mirabai Chanu</keyword> expressed her disappointment but vowed to work harder for future competitions. <br /><br /><keyword id="21161146" type="General" weightage="20" keywordseo="chanu" source="keywords">Chanu</keyword> narrowly missed out on a medal, securing <keyword id="22654291" type="General" weightage="20" keywordseo="fourth-place" source="keywords">fourth place</keyword> with a combined total of 199kg. <br /><br />She shared her sentiments in a video posted by the <keyword id="59608" type="General" weightage="20" keywordseo="Indian-Olympic-Association" source="Orion">Indian Olympic Association</keyword> (IOA), saying, "I tried my best to win a medal for the country but I missed it today...It is a part of the game, we all sometimes win and sometimes lose...Next time I will work harder to win a medal for the country...I will try my best and will deliver my best performance in the next game." <br /><br />For India and Chanu, it was another <keyword id="22708997" type="General" weightage="20" keywordseo="fourth-place-finish" source="Orion">fourth-place finish</keyword> in Paris after narrowly missing out on a medal with a combined total of 199kg. <br /><br />The first was the snatch event, where a weightlifter has to pick up the barbell and lift it above their head in one singular motion. <br /><br />The second was the clean-and-jerk event, where a weightlifter is required to pick up the barbell and bring it up to their chest (clean) and then extend their arms and legs to lift it above the head (jerk) with a straight elbow.<br /><br />The weightlifters have to hold it there until a buzzer is sounded. <br /><br />China's Hou Zhihui won gold with a combined total of 206kg, Romania's Mihaela Valentina Cambei took silver with 205kg, and Thailand's Surodchana Khambao claimed bronze with 200kg.<br /><br />India has so far won three bronze medals at the Paris Olympics, all in shooting. <br />

"Tried my best but missed out on a medal": Mirabai Chanu after finishing 4th in women's weightlifting at Olympics

How many nights have you spent lying awake in torment because you left the windows of your house open after 6 PM and now little mosquitoes were nipping away at your flesh? How many times have you wondered if that big scary mosquito buzzing around you could be carrying dengue, malaria or even the Zika virus? In such circumstances, turning to your trusty mosquito repellant might seem like the only solution — but how safe are they?<br /><br />Honestly, they're usually pretty safe. Vaporizer brands popular in the Indian market, such as <keyword id="23656676" type="General" weightage="20" keywordseo="Good-Knight" source="keywords" meta.keywordsubtype="org" meta.entityname="Good Knight" meta.hostid="261" meta.entityid="Good Knight">Good Knight</keyword>, <keyword id="23656677" type="General" weightage="20" keywordseo="Mortein" source="keywords" meta.keywordsubtype="org" meta.entityname="Mortein" meta.hostid="261" meta.entityid="Mortein">Mortein</keyword> and <keyword id="23656678" type="General" weightage="20" keywordseo="All-Out" source="keywords" meta.keywordsubtype="org" meta.entityname="All Out" meta.hostid="261" meta.entityid="All Out">All Out</keyword>, all contain <keyword id="23656673" type="General" weightage="20" keywordseo="transfluthrin" source="keywords">transfluthrin</keyword>. This is a fast-acting pyrethroid insecticide that is a household insecticide and considered to pose low toxicity to humans and animals.<br /><br />Given how these vaporizers have been around for decades now and are usually quite effective against mosquitoes, many of us don’t think twice before plugging it in and leaving it on for hours at a time. But there’s a little warning that comes with these products’ labels (sometimes in bold) that a lot of us don’t look at: “Doors and windows should be kept open while using”.<br /><h3 style="line-height:1.760016;margin-top:14pt;margin-bottom:4pt;">Why the <keyword id="20736466" type="General" weightage="20" keywordseo="ventilation" source="keywords">ventilation</keyword> is important</h3>While mosquito vaporizers are designed to be safe for short-term use in well-ventilated areas, here’s what can happen in enclosed spaces:<br /><br /><strong><keyword id="23656674" type="General" weightage="20" keywordseo="respiratory-irritation" source="keywords">Respiratory irritation</keyword>:</strong> Without proper ventilation, the concentration of chemicals in the air increases, which can lead to irritation of the respiratory tract. Symptoms might include coughing, sneezing, sore throat, and difficulty breathing. People with asthma or other respiratory conditions are at a higher risk of experiencing exacerbated symptoms.<br /><br /><strong><keyword id="20671715" type="General" weightage="20" keywordseo="neurological-symptoms" source="keywords">Neurological symptoms</keyword></strong><strong>: </strong>Prolonged inhalation of high concentrations of pyrethroids can lead to dizziness, headaches, nausea, and in severe cases, neurological symptoms such as tremors and seizures. The chemicals affect the nervous system by disrupting sodium channels in nerve cells.<br /><br /><strong>Lethargy and nausea: </strong>Constant exposure in a confined space can lead to feelings of lethargy, nausea, and general malaise due to the body’s reaction to higher-than-normal levels of these chemicals in the air.<br /><br /><strong>Increased risk for sensitive groups: </strong>Infants, pregnant women and individuals with compromised immune systems or chronic conditions are particularly vulnerable to these chemicals. Inhaling them in high concentrations can potentially lead to developmental issues in children and more severe reactions in sensitive individuals.<br /><br />Even with ventilation, we would also do well to look for signs of discomfort at the time of using <keyword id="20535795" type="General" weightage="20" keywordseo="mosquito-repellent" source="keywords">mosquito repellent</keyword> vaporizers as some individuals could be allergic or sensitive to the insecticide. <br /><br />So, by all means, use the vaporizer if you deem it necessary. But remember to ensure adequate ventilation and avoid unnecessary use of the product.<br />

Most people miss THIS warning on their mosquito repellent vaporizer’s label

<keyword id="20425572" type="General" weightage="20" keywordseo="Balraj-Panwar" source="keywords">Balraj Panwar</keyword> finished fifth in the quarterfinals in men’s single Sculls. He clocked his personal-best timing of 7:05.10 but fell short by close to 11 seconds to qualify for the semi-finals. He will now further compete for the 13-24th place.<br /><br />Despite the disappointment on Tuesday, Balraj’s feat was nothing short of a miracle. Just four years ago when the world gathered at Tokyo for the <keyword id="19933819" type="General" weightage="20" keywordseo="olympics" source="keywords">Olympics</keyword>, he barely knew the sport and wouldn’t have even dreamt of participating in the next Olympics in Paris.<br /><br /><h2>Humble Beginnings</h2>Born in Kaimla village in <keyword id="19904807" type="General" weightage="20" keywordseo="Haryana" source="keywords">Haryana</keyword>’s Karnal district, Balraj Panwar's journey to the <keyword id="20006192" type="General" weightage="100" keywordseo="Paris-Olympics" source="keywords">Paris Olympics</keyword> is a serendipitous turn of events and a testament to his resilience. He came from humble beginnings and faced significant challenges early in life, including the loss of his father. <br /><br />To support his family, he sought a post in the <keyword id="19908736" type="General" weightage="20" keywordseo="Indian-Army" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Army" meta.hostid="261" meta.entityid="Indian Army">Indian Army</keyword>, unaware that this decision would lead him to become India's sole representative in <keyword id="20419957" type="General" weightage="20" keywordseo="rowing" source="keywords">rowing</keyword> at the 2024 Paris Olympics.<br /><br />Balraj's introduction to rowing came as late as in 2020 when a coach noticed his six-foot frame and suggested he try the sport. His dedication and natural talent quickly became evident, and by the end of the year, he moved to the Army Rowing Node for better training facilities.<br /><br /><h2>Rise to Prominence</h2>Despite a slow start in domestic competitions, Balraj's breakthrough came in 2023 when he won gold at the national championships. This victory secured his spot in the camp for the Asian Games, where he narrowly missed out on a medal, finishing fourth. This performance, however, gave him the self-belief needed to succeed on larger stages.<br /><br />In May 2023, Balraj secured his place at the Paris Olympics by winning bronze at the Asian and Oceanian Rowing Olympic Qualification Regatta in South Korea. <br /><br /><h2>Eyes on the finish line</h2>Balraj's preparations for the Olympics had been meticulous. He was coached by Bajrang Lal Takhar, who won India's first individual rowing Gold medal at the 2010 Asian Games held in <keyword id="20063751" type="General" weightage="20" keywordseo="Guangzhou" source="keywords">Guangzhou</keyword>. His target for the Paris Olympics was clear: to clock a personal best. And he did just that!<br /><br />Despite not advancing further, his journey from a small village in Haryana to competing at the Paris Olympics is a remarkable achievement. Nicknamed "<keyword id="19899524" type="General" weightage="20" keywordseo="MS-Dhoni" source="keywords">MS Dhoni</keyword> of Indian rowing" on the Olympics website, Balraj's story is one of relentless effort. As he readies for his next challenge, he carries the hopes of a nation and the promise of a bright future in Indian rowing.<br /><br />Also Read: <br /><a href="https://www.businessinsider.in/tech/news/how-5g-technology-is-helping-curb-carbon-emissions-and-waste-at-the-paris-games/amp_articleshow/112115743.cms" data-type="tilCustomLink">How 5G technology is helping curb carbon emissions and waste at the Paris Games</a><br /><a href="https://www.businessinsider.in/sports/article/bite-sized-tradition-why-do-olympic-winners-bite-their-medals/articleshow/112097005.cms" data-type="tilCustomLink">Bite-sized tradition: Why do Olympic winners bite their medals?</a><br />

Paris Olympics 2024: Meet Haryana’s Balraj Panwar, who mastered the sport in just four years, only to miss semis by 11 seconds

Imagine this. You have a younger sibling you’re mighty envious of. And why not? Unlike you, they seem to enjoy all the freedom and money in the world. They party like there’s no tomorrow, and here you are, stuck in a boring, ultra-disciplined but responsible routine that feels completely devoid of any independence, and mostly, funds.<br /><br />But of late, things are changing. This sibling is in massive trouble and just cannot escape the parent’s wrath anymore. Long story short, the party is over, and it is time to go back home. The rising defaults on this sibling’s part have now begun pulling the entire house down, thereby attracting the regulator’s ire.<br /><br /><h2>The Wild West of microfinance and unsecured loans</h2>It's hard to ignore the issues with microfinance and unsecured loans in India.<br /><br />Many saw them as a small gamble and ignored the rising defaults much like the younger siblings’ tantrums, and now they find themselves in hot waters. The skyrocketing instances of non-payments aren't a micro-issue anymore and are threatening the stability of the entire banking system.<br /><br />In the quarter ended September 30, 2024, 5 of India’s 8 largest private sector <keyword id="19934118" type="General" weightage="20" keywordseo="banks" source="keywords">banks</keyword> reported a steep rise in their bad loan book, mostly thanks to microfinance loans.<br /><br />Some banks, in a bid to strengthen their fortress against these <keyword id="142154" type="General" weightage="100" keywordseo="bad-loans" source="Orion">bad loans</keyword>, have significantly upped their provisions. For instance, <keyword id="46717" type="General" weightage="20" keywordseo="IndusInd-bank" source="Orion">IndusInd Bank</keyword> set aside Rs 525 crore during July and September 2024 to battle the menace of defaults on microfinance loans, which make up about 9% of its total loan book.<br /><br />See, banks rely heavily on their interest income, which they earn from advancing loans. Any loan where the borrower has not paid interest to the bank or defaulted for 90 days or more becomes bad, i.e., an <keyword id="79363" type="General" weightage="20" keywordseo="npa" source="Orion">NPA</keyword>, or non-performing asset for the bank. And who likes things going bad?<br /><br />Simply put, there has been a steep rise in three areas, much to the dislike of banks and MFIs (micro-finance institutions). But hey, it's mostly their doing!<br /><ol><li>GNPA ratio (gross net performing assets): The quantum of non-performing assets a bank has in proportion to its total assets.</li><li>Provision: The amount banks set aside to take care of such NPAs.</li><li>Slippage ratio: The rate at which good girls go bad, or the speed at which good loans turn into NPAs</li></ol>But how are these plaguing the Indian banking sector? And what does the road ahead look like? We decode it for you.<br /><h2><br />Microfinance: A not-so-micro-menace</h2>Microfinance loans were initially brought forth for low-income households and individuals, i.e. for those who might not generally have access to traditional ways of credit, like bank loans and more. They don’t require collateral or an asset to be pledged in lieu of the loan, making it a tad bit easier for borrowers.<br /><br />As of June 2024, the amount of outstanding loans in the microfinance industry stood at a staggering Rs 4,20,256 crore. Of this, NBFC-MFIs accounted for 40% and banks made for 33% of these.<br /><br />In 2022, <keyword id="30067" type="General" weightage="20" keywordseo="RBI" source="Orion">RBI</keyword>, in a bid to inspire some competition in this space, did something radical-they did away with the ceiling on how much interest MFIs could charge their customers. Previously, MFIs could add up to 12% to their cost of acquiring funds to determine the final interest rate chargeable to the consumer.<br /><br />So, assuming that Bank A incurs a 5% cost to acquire funds for further loaning, A could charge up to 17% interest from the end consumer. So, interest rates were in the hands of MFIs, and boy, did they have a gala time with it.<br /><br />Instead of spurring some healthy competition, as RBI expected, MFIs and banks went rogue and all guns blazing, competing for the title of “Who will charge the highest interest?”<br /><br />Recently, RBI banned 4 microfinance institutions (MFIs), namely Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv, from disbursing loans effective October 21, 2024. Why? Because they were charging 14% extra interest over their original cost of funds.<br /><br />To maintain their loan books (and pockets), banks and NBFCs resorted to shady practices like netting off loans, which RBI has now advised MFIs against. Here, lenders allow borrowers to settle a previous outstanding loan by issuing them a new loan! As crazy as it sounds, it helped banks to report less of their total assets as NPAs, since the new credit would cover pending installments of the borrower’s previous loan.<br /><br />Then there was the issue of borrowers overleveraging, i.e. taking multiple loans using different IDs from various lenders and then failing to honor any of them. The consequence? Banks and NBFCs end up with massive NPAs.<br /><br />Data from credit bureaus suggests that over the last quarter, there was a 17.2% rise in the number of borrowers who had 5 or more active loans at the same time.<br /><br /><h2>Growth &gt; Caution</h2>It's an age-old tale unfolding yet again in India’s banking sector- Icarus flew too close to the sun and eventually, fell to its death. Between April and June 2024, NBFCs microfinance portfolio jumped by 2.7%. If you see this in terms of loan sources, microfinance loans issued by banks grew by 11.2% in Q1FY25. But the same portfolio in NBFCs swelled by almost double-23.9%.<br /><br />While most of these loans had an average ticket size between Rs 30,000-50,000, there was a sharp spike in the number of loans that had a ticket size of Rs 80,000 or more. Data suggests that as of March 2024, more than 12% of all microfinance borrowers had over 4 or more active loans.<br /><br />In dating parlance, this is a classic case of borrowers going polyamorous, minus the honesty and transparency. Not the best of situations, you'd agree!<br /><br /><h2>Will banks and NBFCs stand up to this stress?</h2>If their results for Q2FY25 are to be believed, NBFCs are not handling the pressure all that well. Or even slightly well. Only a few banks like Bank of Baroda (BoB), ICICI, and Indian Bank were up for the battle, even witnessing a decline in their loan delinquencies.<br /><br />Some others, like IndusInd Bank, saw their stock dip by a massive 16.2% over the last 5 days.<br /><br />Its slippages in the previous quarter burgeoned from Rs 15.3 billion in Q1FY25 to Rs 17.9 billion in Q2. As a result, the bank pushed a staggeringly high amount of money to create an NPA cushion for itself.<br /><br />While its management has highlighted its preference for secured lending, that was hardly reflected in its actions during the quarter, where growth in unsecured personal loans remained exceptionally high at over 7% on a QoQ basis.<br /><br />Turns out, only 44% of customers in IndusInd Banks’ microfinance loan portfolio were exclusive to it. The rest 47% were, you guessed it right-polyamorous! 27% had borrowed from another lender as well, apart from IndusInd Bank, while 20% were those who had outstanding loans with two other lenders, apart from IndusInd Bank. IndusInd Bank’s credit card segment did not miss the NPA bus and accounted for 7-8% of its GNPAs.<br /><br />Canara Bank’s total slippages during the previous quarter jumped to Rs 11.1 billion, up by 24.7% QoQ, and making up for 3.6% of its total loans. As for Bandhan Bank, its <keyword id="763994" type="General" weightage="20" keywordseo="Gross-NPA" source="Orion">gross NPA</keyword> for Q2FY25 inched up on a QoQ basis, up from 4.23% in Q1, to 4.68% in the second quarter.<br /><br /><keyword id="62152" type="General" weightage="20" keywordseo="IDFC-bank" source="Orion">IDFC Bank</keyword>’s heavy provisioning for its NPAs marred its profits significantly, causing its PAT (profit after tax) to dip by 73% on a YoY basis.<br /><br />Data from ICRA Analytics suggest that the AUM (asset under management) growth in microfinance loans and unsecured (personal and business) loans by the NBFCs will moderate to 10-12% and 19-21%, respectively, in FY2025 compared to 30% and 38%, in FY2024.<br /><br />Says A M Karthik, Senior Vice President &amp; Co-Group Head, Financial Sector Ratings, ICRA, “As bank funds constitute a larger share in the overall funding of NBFCs, a slower credit flow from banks to the NBFCs will compress their AUM growth. The NBFCs in unsecured and digital lending businesses shall face a higher squeeze in funding compared to others, and the unsecured lending space will continue to be a source of stress in the near term.”<br /><br />There has been uninhibited growth in unsecured loans, apart from just the microfinance segment. For instance, Axis Bank’s gross slippages jumped by Rs 4,443 crore, largely thanks to its unsecured business. The same is the case with Yes Bank, which saw 35–40% of its retail slippages emerging from the unsecured loan portfolio. Kotak Mahindra Bank was also quick to follow Yes Bank’s suit, with around 35%-40% of its slippages coming from credit cards.<br /><br /><h2>How is the road ahead?</h2>While RBI has just cracked its whip and served a warning at the moment, experts at Morgan Stanley believe that more changes (read regulatory lashes) are underway. Moreover, with both festive and wedding seasons underway in our country, unsecured lending might pick up momentum, much to the disdain of the calibrated approach banks have been taking towards it so far.<br /><br />But if the situation doesn't improve, RBI will not waste any time in becoming the typical tyrannical Bollywood headmaster who runs his dominion with an iron fist and takes things (and ceiling rates) into their own hands. However, that's a story for another day.

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

<br />      <div type="image" title="The RBI has cracked the regulatory whip on NBFCs and banks, who&amp;#39;ve been pushing microfinance and unsecured loans aggressively to grow their loan books." agency="ANI" msid="114778648" hostid="261" caption="&amp;lt;p&amp;gt;The RBI has cracked the regulatory whip on NBFCs and banks, who&amp;#39;ve been pushing microfinance and unsecured loans aggressively to grow their loan books.&amp;lt;/p&amp;gt;"></div><br />Imagine this. You have a younger sibling you’re mighty envious of. And why not? Unlike you, they seem to enjoy all the freedom and money in the world. They party like there’s no tomorrow, and here you are, stuck in a boring, ultra-disciplined but responsible routine that feels completely devoid of any independence, and mostly, funds.<br /><br />But of late, things are changing. This sibling is in massive trouble and just cannot escape the parent’s wrath anymore. Long story short, the party is over, and it is time to go back home. The rising defaults on this sibling’s part have now begun pulling the entire house down, thereby attracting the regulator’s ire.<br /><br /><h2>The Wild West of <keyword id="113684" type="General" weightage="20" keywordseo="microfinance" source="Orion">microfinance</keyword> and unsecured loans</h2>It's hard to ignore the issues with microfinance and unsecured loans in India.<br /><br />Many saw them as a small gamble and ignored the rising defaults much like the younger siblings’ tantrums, and now they find themselves in hot waters. The skyrocketing instances of non-payments aren't a micro-issue anymore and are threatening the stability of the entire banking system. <br /><br />In the quarter ended September 30, 2024, 5 of India’s 8 largest private sector <keyword id="19934118" type="General" weightage="20" keywordseo="banks" source="keywords">banks</keyword> reported a steep rise in their bad loan book, mostly thanks to microfinance loans.<br /><br />Some banks, in a bid to strengthen their fortress against these <keyword id="142154" type="General" weightage="100" keywordseo="bad-loans" source="Orion">bad loans</keyword>, have significantly upped their provisions. For instance, IndusInd Bank set aside Rs 525 crore during July and September 2024 to battle the menace of defaults on microfinance loans, which make up about 9% of its total loan book. <br /><br />See, banks rely heavily on their interest income, which they earn from advancing loans. Any loan where the borrower has not paid interest to the bank or defaulted for 90 days or more becomes bad, i.e. an NPA, or non-performing asset for the bank. And who likes things going bad? <br /><br />Simply put, there has been a steep rise in three areas, much to the dislike of banks and MFIs (micro-finance institutions). But hey, it's mostly their doing!<br /><ol><li>GNPA ratio (gross net performing assets): The quantum of non-performing assets a bank has in proportion to its total assets.</li><li>Provision: The amount banks set aside to take care of such NPAs.</li><li>Slippage ratio: The rate at which good girls go bad, or the speed at which good loans turn into NPAs</li></ol>But how are these plaguing the Indian banking sector? And what does the road ahead look like? We decode it for you.<br /><h2><br />Microfinance: A not-so-micro-menace</h2>Microfinance loans were initially brought forth for low-income households and individuals i.e. for those who might not generally have access to traditional ways of credit, like bank loans and more. They don’t require collateral or an asset to be pledged in lieu of the loan, making it a tad bit easier for borrowers. <br /><br />As of June 2024, the amount of outstanding loans in the microfinance industry stood at a staggering Rs 4,20,256 crore. Of this, NBFC-MFIs accounted for 40% and banks made for 33% of these. <br /><br />In 2022, RBI, in a bid to inspire some competition in this space, did something radical-they did away with the ceiling on how much interest MFIs could charge their customers. Previously, MFIs could add up to 12% to their cost of acquiring funds to determine the final interest rate chargeable to the consumer. <br /><br />So, assuming that Bank A incurs a 5% cost to acquire funds for further loaning, A could charge up to 17% interest from the end consumer. So, interest rates were in the hands of MFIs, and boy, did they have a gala time with it. <br /><br />Instead of spurring some healthy competition, as RBI expected, MFIs and banks went rogue and all guns blazing, competing for the title of “Who will charge the highest interest?”<br /><br />Recently, RBI banned 4 microfinance institutions (MFIs), namely Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and <keyword id="20117932" type="General" weightage="20" keywordseo="navi-finserv" source="keywords">Navi Finserv</keyword> from disbursing loans effective October 21, 2024. Why? Because they were charging 14% extra interest over their original cost of funds. <br /><br />To maintain their loan books (and pockets), banks and NBFCs resorted to shady practices like netting off loans, which RBI has now advised MFIs against. Here, lenders allow borrowers to settle a previous outstanding loan by issuing them a new loan! As crazy as it sounds, it helped banks to report less of their total assets as NPAs, since the new credit would cover pending instalments of the borrower’s previous loan. <br /><br />Then there was the issue of borrowers overleveraging, i.e. taking multiple loans using different IDs from various lenders and then failing to honour any of them. The consequence? Banks and NBFCs end up with massive NPAs.<br /><br />Data from credit bureaus suggests that over the last quarter, there was a 17.2% rise in the number of borrowers who had 5 or more active loans at the same time.<br /><br /><h2>Growth &gt; Caution</h2>It's an age-old tale unfolding yet again in India’s banking sector- Icarus flew too close to the sun and eventually, fell to its death. Between April and June 2024, NBFCs microfinance portfolio jumped by 2.7%. If you see this in terms of loan sources, microfinance loans issued by banks grew by 11.2% in Q1FY25. But the same portfolio in NBFCs swelled by almost double-23.9%. <br /><br />While most of these loans had an average ticket size between Rs 30,000-50,000, there was a sharp spike in the number of loans that had a ticket size of Rs 80,000 or more. Data suggests that as of March 2024, more than 12% of all microfinance borrowers had over 4 or more active loans. <br /><br />In dating parlance, this is a classic case of borrowers going polyamorous, minus the honesty and transparency. Not the best of situations, you'd agree! <br /><br /><h2>Will banks and NBFCs stand up to this stress?</h2>If their results for Q2FY25 are to be believed, NBFCs are not handling the pressure all that well. Or even slightly well. Only a few banks like Bank of Baroda (BoB), ICICI, and Indian Bank were up for the battle, even witnessing a decline in their loan delinquencies. <br /><br />Some others, like IndusInd Bank, saw their stock dip by a massive 16.2% over the last 5 days.<br /><br />Its slippages in the previous quarter burgeoned from Rs 15.3 billion in Q1FY25 to Rs 17.9 billion in Q2. As a result, the bank pushed a staggeringly high amount of money to create an NPA cushion for itself. <br /><br />While its management has highlighted its preference for secured lending, that was hardly reflected in its actions during the quarter, where growth in unsecured personal loans remained exceptionally high at over 7% on a QoQ basis. <br /><br />Turns out, only 44% of customers in IndusInd Banks’ microfinance loan portfolio were exclusive to it. The rest 47% were, you guessed it right-polyamorous! 27% had borrowed from another lender as well, apart from IndusInd Bank, while 20% were those who had outstanding loans with two other lenders, apart from IndusInd Bank. IndusInd Bank’s credit card segment did not miss the NPA bus and accounted for 7-8% of its GNPAs. <br /><br />Canara Bank’s total slippages during the previous quarter jumped to Rs 11.1 billion, up by 24.7% QoQ, and making up for 3.6% of its total loans. As for Bandhan Bank, its gross NPA for Q2FY25 inched up on a QoQ basis, up from 4.23% in Q1, to 4.68% in the second quarter. <br /><br />IDFC Bank’s heavy provisioning for its NPAs marred its profits significantly, causing its PAT (profit after tax) to dip by 73% on a YoY basis.<br /><br />Data from ICRA Analytics suggest that the AUM (asset under management) growth in microfinance loans and unsecured (personal and business) loans by the NBFCs will moderate to 10-12% and 19-21%, respectively, in FY2025 compared to 30% and 38%, in FY2024.<br /><br />Says A M Karthik, Senior Vice President &amp; Co-Group Head, Financial Sector Ratings, ICRA, “As bank funds constitute a larger share in the overall funding of NBFCs, a slower credit flow from banks to the NBFCs will compress their AUM growth. The NBFCs in unsecured and digital lending businesses shall face a higher squeeze in funding compared to others, and the unsecured lending space will continue to be a source of stress in the near term.”<br /><br />There has been uninhibited growth in <keyword id="6051027" type="General" weightage="20" keywordseo="Unsecured-loan" source="Orion">unsecured loan</keyword>s, apart from just the microfinance segment. For instance, Axis Bank’s gross slippages jumped by Rs 4,443 crore, largely thanks to its unsecured business. The same is the case with Yes Bank, which saw 35–40% of its retail slippages emerging from the unsecured loan portfolio. <keyword id="6376194" type="General" weightage="20" keywordseo="kotak-mahindra" source="Orion">Kotak Mahindra</keyword> Bank was also quick to follow Yes Bank’s suit, with around 35%-40% of its slippages coming from credit cards. <br /><br /><h2>How is the road ahead?</h2>While RBI has just cracked its whip and served a warning at the moment, experts at Morgan Stanley believe that more changes (read regulatory lashes) are underway. Moreover, with both festive and wedding seasons underway in our country, unsecured lending might pick up momentum, much to the disdain of the calibrated approach banks have been taking towards it so far.<br /><br />But if the situation doesn't improve, RBI will not waste any time in becoming the typical tyrannical <keyword id="19897820" type="General" weightage="20" keywordseo="bollywood" source="keywords">Bollywood</keyword> headmaster who runs his dominion with an iron fist. However, that's a story for another day. <br /><br /><em>Do you have a topic in mind you'd want a simpler explanation for, or insights or personal experience to share on personal finance and more? Contact us at businessinsider@timesinternet.in.</em>

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

The retention lists of all ten franchises for the <keyword id="6354831" type="General" weightage="20" keywordseo="Indian-Premier-League" source="Orion">Indian Premier League</keyword> (<keyword id="6354312" type="General" weightage="100" keywordseo="IPL" source="Orion">IPL</keyword>) season next year were finally unveiled on Thursday, with several big names like Jos Buttler, Aiden Markram, Glenn Maxwell, Faf Du Plessis, KL Rahul, Rishabh <keyword id="19900230" type="General" weightage="20" keywordseo="pant" source="keywords">Pant</keyword>, <keyword id="19904097" type="General" weightage="20" keywordseo="shreyas-iyer" source="keywords">Shreyas Iyer</keyword> etc being let go by their respective franchises. <br /><br />The surprising retentions and releases by all ten franchises have laid down the foundation for what could be an exciting, fun and record-breaking auction later this year. Let us look at several takeways from the auction: <br /><h2>Several captaincy options available</h2> With the release of IPL winning skipper Shreyas Iyer from Kolkata Knight Riders (<keyword id="19924483" type="General" weightage="20" keywordseo="kkr" source="keywords">KKR</keyword>), Rishabh Pant from Delhi Capitals (DC) and KL Rahul from Lucknow Super Giants, three top-class Indian captaincy options are available.<br /><h2>Auction could be defined by wicketkeepers pulling double/triple duties</h2>The announcement of retention lists have seen many wicketkeeping options being released by their respective franchises, including Pant (from DC), KL (from LSG), Ishan Kishan (from Mumbai Indians) and Jos Buttler (from Rajasthan Royals). With all of them having captaincy experience at various levels, including international <keyword id="1521" type="General" weightage="20" keywordseo="Cricket" source="Orion">cricket</keyword> in case of Pant, KL and Buttler, several teams could go after them. Their experience and strong records as wicketkeepers and top-order batters, particularly opening except for Pant, will help teams find a captain, wicketkeeper and an opener in just one player and save them plenty of money.<br /><h2>No English players retained? Could withdrawing/not playing full season be a cause?</h2> No England players have been retained by franchises this team around. Various stars players like Jos Buttler, Liam Livingstone, Jonny Bairstow, Moeen Ali, Sam Curran, Harry Brook, Phil Salt, Will Jacks etc have been let go. These players missed out some part of their season due to international commitments, while Harry Brook pulled out due to personal reasons. England batter Jason Roy pulled out of IPL ahead of this season due to personal reasons. These all developments damaged the team balance at times, with several teams dependent on their overseas talent. Has the habit of not honouring contracts and missing matches caused this move? The hammer strikes at auction could answer this question.<br /><h2>Caribbean power trusted ahead of mega auction</h2>Four of current top West Indies stars, Nicholas Pooran, Shimron Hetmyer, Andre <keyword id="20287010" type="General" weightage="20" keywordseo="russell" source="keywords">Russell</keyword> and Sunil Narine have been retained by their respective franchises. Pooran has dominated the T20 run charts this year, scoring a record-setting 2,251 runs in 68 matches with a century and 15 fifties at a strike rate of 160.90. Hetmyer is one of the best finishers in T20 circuit and Rajasthan Royals trusts in his abilities. Russell (222 runs in nine matches and 19 wickets) and Narine (488 runs and 17 wickets) have also been reaped rewards for their title winning performances last season and their loyalty to KKR brand. <br /><br />While seven West Indies talents have been released, namely, Shai Hope, Sherfane Rutherford, Kyle Mayers, Shamar Joseph, Romario Shepherd, Alzarri Joseph and Rovman Powell, the four modern-day T20 greats keeping their spots safe with the franchise shows how much trust franchise has in Caribbean power. And who knows, the released names could get brought using right-to-match card or find a new home at a higher price.<br /><h2>Another setback for Ishan Kishan?</h2> Five-time champions Mumbai Indians (MI) placed their trust in Indian core, consisting of skipper Hardik Pandya, former captain Rohit Sharma, pacer Jasprit Bumrah, 360-degree hitter Suryakumar Yadav and young left-hander Tilak Varma. It was expected that Ishan could retain his place, given his youth and experience with the franchise. Aged just 26, he had spent seven seasons with the franchise and did reasonably well. <br /><br />However, after being brought for Rs 15.25 crores ahead of 2022 season, the price tag seemed to have caught up with Kishan. In next 44 matches for the franchise till the 2024-season-end, Kishan scored 1,192 runs in 43 innings at an average of 28.98, with just seven fifties. While these numbers are not bad, it could be debatable that he did not deliver as per expectations, with 19 scores being below 20. In the 2024 season, he could score just 320 runs at an average of just over 22, with just a fifty to his name. <br /><br />After being excluded from the Board of Control for Cricket in India (BCCI) central contract this year after not participating for red-ball cricket, this is another big setback for Kishan, who has not been considered for international cricket despite participating and doing well in red-ball tournaments like Buchi Babu Trophy, Duleep Trophy and Ranji Trophy recently.<br /><h2>DC era 2.0 on cards?</h2> With wicketkeeper-batter and biggest superstar of the franchise, Pant released from the franchise and looking for a new franchise as per several media reports, Delhi Capitals could be moving to their 2.0 era, placing trust in young, under-the radar names like Axar Patel (235 runs with two fifties and 11 wickets in 2024), Tristan Stubbs (378 runs with three fifties and three wickets), Abhishek Porel (327 runs with two fifties) and Kuldeep Yadav (16 wickets at an average of 23.25) after good performances last year. <br /><br />Franchise has also released big time stars like David Warner, Mitchell Marsh, Anrich Nortje, Prithvi Shaw. Could this be the start of a new era for DC? Only time will tell.<br /><h2>Shreyas Iyer joins unfortunate list of captains</h2>The IPL winning captain Shreyas Iyer has been let go after winning the title for his franchise KKR this year, their first in a decade and overall third. While many argue his batting stats of 351 runs in 14 innings with two fifties at a strike rate of 146.86 could be a reason behind his release, the other half of the story is that the in-form KKR top-order did not leave the middle-order with much to do. His recurring fitness issues, which caused him to miss 2023 season, also could be a reason. <br /><br />Irrespective of what the reason could be, one thing is for sure, Iyer is up there with likes of Adam Gilchrist (released by Deccan Chargers in 2011 after title win in 2009, semifinal finish in 2010), David Warner (released by Sunrisers Hyderabad ahead of 2022 season despite 2016 title win and multiple playoff finishes) as one of the most unluckiest captains in IPL.<br /><h2>Strong faith in Indian uncapped/inexperienced stars</h2>The franchises have been extremely bold this time around, opting to release experienced, household Indian/overseas names and placing their trust in several Indian uncapped/inexperienced players. <br /><br />Out of a total of 46 players retained across all franchises, 36 players are Indian. Out of these, 10 players are uncapped Indians stars. These players are Abhishek Porel, Rahul Tewatia, Shahrukh Khan, Ramandeep Singh, Harshit Rana, Mohsin Khan, Ayush Badoni, Shashank Singh, Prabhsimran Singh, Yash Dayal. <br /><br />Also, out of other 24 capped Indians, 13 players have played less than 30 international matches and eight have played 10 or less international games for India. Of these 24 uncapped players, no one has all format experience for India and only two have Test cricket experience, Dhruv Jurel and <keyword id="20022019" type="General" weightage="20" keywordseo="rajat-patidar" source="keywords">Rajat Patidar</keyword>. <br /><br />Notably, it is Jurel, who has just played international matches for India, who has received the biggest pay hike, going from Rs 20 lakh this season to Rs 14 crores next season.<br /><h2>End of 'KGF' era for Royal Challengers Bengaluru?</h2> With stars like Faf and Maxwell released, it could spell the end of 'Kohli, Glenn, Faf' (KGF) era for <keyword id="20282652" type="General" weightage="20" keywordseo="rcb" source="keywords">RCB</keyword>, which lasted from 2022-24. During this phase, they all scored heavily for RCB. Despite a lull in 2022 season, Virat scored 1,721 runs in 45 matches and innings at an average of 44.12, with three centuries and 13 fifties. Skipper Faf also scored 1,636 runs in 45 innings at an average of 38.05, with a strike rate of 146.99 and 15 fifties to his name. Maxwell sits at the third spot with 1,266 runs at an average of 28.77 and a strike rate of over 159, with 12 half-centuries in 50 innings. <br /><br />The only player that came closer to the trio was Indian wicketkeeper-batter Dinesh Karthik, who made 796 runs in 44 matches and 42 innings at an average of 29.48, with three fifties. <br /><br />If RCB had Virat-AB de Villiers-Chris Gayle in 2010s, KGF dominated the RCB batting numbers in 2020s. When RCB starts rebuilding their side from scratch in the auction, they would have a huge task in hand of finding one or two highly popular, capable and consistent foreign stars to help Virat unleash the carnage in a "Play Bold" avatar. <br /><br />Also, with the Rajat Patidar being retained for 11 crores, RCB might have made it clear that he could be the next big Indian batter the franchise invests in. His exceptional spin abilities have made a lot of difference for the side. Ever since he was brought by the franchise in 2021 for Rs 20 lakh, Patidar has played 27 matches, scoring 799 runs at an average of 34.73 with a strike rate of 158.84 and having registered a century and seven fifties. <br /><br />A complete list of retained players is as follows:<br /><br /><ul><li>Chennai Super Kings: Ruturaj Gaikwad, Matheesha Pathirana, Shivam Dube, Ravindra Jadeja, MS Dhoni</li><li>Delhi Capitals: Axar Patel, Kuldeep Yadav, Tristan Stubbs, Abhishek Porel</li><li>Gujarat Titans: Rashid Khan, Shubman Gill, Sai Sudharsan, Rahul Tewatia, Shahrukh Khan</li><li>Kolkata Knight Riders: Rinku Singh, Varun Chakaravarthy, Sunil Narine, Andre Russell, Harshit Rana, Ramandeep Singh</li><li>Lucknow Super Giants: Nicholas Pooran, Ravi Bishnoi, Mayank Yadav, Mohsin Khan, Ayush Badoni</li><li>Mumbai Indians: Jasprit Bumrah, Suryakumar Yadav, Hardik Pandya, Rohit Sharma, Tilak Varma</li><li>Punjab Kings: Shashank Singh, Prabhsimran Singh</li><li>Rajasthan Royals: Sanju Samson, Yashaswi Jaiswal, Riyan Parag, Dhruv Jurel, Shimron Hetmyer, Sandeep Sharma</li><li>Royal Challengers Bengaluru: Virat Kohli, Rajat Patidar, Yash Dayal</li><li>Sunrisers Hyderabad: Pat Cummins, Abhishek Sharma, Nitish Kumar Reddy, Heinrich Klaasen, Travis Head.</li></ul>

From spotlight on uncapped stars to big releases, a look at key takeways from latest IPL retention lists

<ul><li>The <keyword id="23134822" type="General" weightage="20" keywordseo="Amazon-Great-Indian-Festival" source="keywords">Amazon Great Indian Festival</keyword> Sale 2024 is now live for all users.</li><li>The sale brings huge discounts across a wide range of products, including smartphones.</li><li>Here are some of the <keyword id="5025075" type="General" weightage="100" keywordseo="best-deals-on-smartphones" source="Orion">best deals on smartphones</keyword> on the Great Indian Festival Sale on Amazon.</li></ul>Festive season is almost here and e-commerce giant Amazon is currently hosting the<a href="https://www.businessinsider.in/business/ecommerce/news/the-amazon-great-indian-festival-2024-best-deals-and-offers/articleshow/113701988.cms"> Great Indian Festival Sale 2024</a>, which is now live for all users. The sale brings discounts across a wide range of products including smartphones, tablets, laptops, wearables, home appliances, apparel and more.<br /><br />For those looking to get a new smartphone, this is the perfect opportunity to get one at a discounted price during the Great Indian Festival sale.<br /><br />In this post, we have curated some of the best deals on smartphones on the Amazon Great Indian Festival sale 2024 to make sure you don’t miss out on them.<br /><br /><div type="Article" hostid="261" msid="113701988" title="The Amazon Great Indian Festival 2024 – Best deals and offers" mstype="2" mssubtype="0"></div><br /><strong>Bank offers</strong><br /><br />In addition to the discounts offered by Amazon, you can avail of an additional 10% instant discount on SBI debit cards and credit cards.<br /><br /><strong>Oneplus Open</strong><br /><br /><cmsannotation type="cmsannotation" annotationid="B0CKTPK4FG" comment="amazoncard" text="B0CKTPK4FG"><span data-til="noop">B0CKTPK4FG</span></cmsannotation><br /><br />OnePlus Open is a good option for those looking for a foldable smartphone. The OnePlus Open features a 7.82-inch 2K AMOLED LTPO inner display and a 6.31-inch 2K AMOLED LTPO display. It is powered by the Snapdragon 8 Gen 2 processor and comes with 16GB RAM and 512GB of internal storage. It features a triple camera setup at the back and comes with a 32MP selfie camera on the cover screen and a 20MP camera on the inner screen. It is powered by a 4,805mAh battery and comes with 67W fast charging support<br /><br />The smartphone is currently available for ₹99,999, down from its original price of ₹1,39,999.<br /><br /><strong>Samsung Galaxy S24 5G<br /></strong><br /><cmsannotation type="cmsannotation" annotationid="B0CS5ZZMN8" comment="amazoncard" text="B0CS5ZZMN8"><span data-til="noop">B0CS5ZZMN8</span></cmsannotation><br /><br />If you are in the market for a powerful and reliable Android smartphone, the Samsung Galaxy S24 5G is an excellent option. It features a 6.2-inch Full HD+ Dynamic AMOLED display with a 120Hz refresh rate. It is powered by the Exynos 2400 chipset coupled with 8GB RAM and up to 512GB of internal storage. It features a triple camera setup at the back and comes with a 12MP front camera. It is powered by a 4,000mAh battery and comes with 25W charging support.<br /><br />The phone is currently available for ₹62,999, down from its original price of ₹74,999.<br /><br /><strong>OnePlus 12<br /></strong><br /><cmsannotation type="cmsannotation" annotationid="B0CQPPZWVD" comment="amazoncard" text="B0CQPPZWVD"><span data-til="noop">B0CQPPZWVD</span></cmsannotation><br /><br />The OnePlus 12 is a good option for those looking for a flagship Android smartphone without burning a hole in your pocket. The OnePlus 12 5G is the company’s current flagship smartphone and features a large 6.82-inch Quad HD+ Fluid AMOLED display with a 120Hz refresh rate. It is powered by the 8 Gen 3 chipset coupled with 12GB RAM and 256GB of internal storage. The device sports a triple camera setup at the back and offers a 32MP selfie camera. The smartphone is powered by a large 5,400mAh battery and comes with 100W fast charge support and 50W wireless charging support.<br /><br />The smartphone is currently available for ₹55,999, with card offers and a coupon, down from its original price of ₹64,999.<br /><br /><strong>Apple iPhone 13<br /></strong><br /><cmsannotation type="cmsannotation" annotationid="B09G9BL5CP" comment="amazoncard" text="B09G9BL5CP"><span data-til="noop">B09G9BL5CP</span></cmsannotation><br /><br />If you are looking to purchase an iPhone without burning a hole in your pocket, the iPhone 13 is currently available at a discounted price. The iPhone 13 features a large 6.1-inch Super Retina display and is powered by the powerful A15 Bionic chipset. The device features a dual camera setup at the back consisting of a 48MP primary camera and is equipped with a 12MP selfie camera.<br /><br />The iPhone 13 128GB variant is currently available for ₹41,999, down from its original price of ₹59,900.<br /><br /><strong>Honor 200 5G</strong><br /><br /><cmsannotation type="cmsannotation" annotationid="B0D6VJ6FYG" comment="amazoncard" text="B0D6VJ6FYG"><span data-til="noop">B0D6VJ6FYG</span></cmsannotation><br /><br />If you are looking for a mid-range smartphone with a clean UI, the Honor 200 5G is worth considering. The smartphone features a 6.7-inch Full HD+ curved OLED display with a 120Hz refresh rate and is powered by the Snapdragon 7 Gen 3 chipset. The smartphone comes with a triple camera setup at the back consisting of a 200MP primary camera. On the front, the device sports a 50MP camera for selfies and video calling. It is powered by a 5,200mAh battery and supports 100W fast charging.<br /><br />The Honor 200 is currently available for ₹24,998, down from its original price of ₹39,999.<br /><br /><strong>Samsung Galaxy M35 5G</strong><br /><br /><cmsannotation type="cmsannotation" annotationid="B0D8134JH8" comment="amazoncard" text="B0D8134JH8"><span data-til="noop">B0D8134JH8</span></cmsannotation><br /><br />If you do not wish to splurge on a flagship smartphone and are looking for something affordable, the Galaxy M35 5G is a good option. It features a 6.6-inch Full HD+ Super AMOLED display and is powered by the Exynos 1380 chipset coupled with 6GB of RAM and 128GB of internal storage. The device features a triple camera setup at the back and comes with a 13MP selfie camera. It is powered by a large 6,000mAh battery with 25W charging support, offering a long battery life.<br /><br />The Samsung Galaxy M34 5G is currently available for ₹14,999, down from its original price of ₹24,499.<br /><br /><em>Disclaimer - When you purchase through links on Business Insider India, we may earn an affiliate commission.</em><br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/ecommerce/news/the-amazon-great-indian-festival-2024-best-deals-and-offers/articleshow/113701988.cms">The Amazon Great Indian Festival 2024 – Best deals and offers</a><br /><br /><a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/news/hyundai-motor-indias-25000-crore-ipo-gets-sebi-approval-indias-biggest-ipo-expected-to-launch-in-october/articleshow/113658837.cms"><strong>Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October</strong></a><br />

Amazon Great Indian Festival Sale 2024 – best deals on smartphones

The <keyword id="19918778" type="General" weightage="20" keywordseo="Mumbai-Indians" source="keywords" meta.keywordsubtype="org" meta.entityname="Mumbai Indians" meta.hostid="261" meta.entityid="Mumbai Indians">Mumbai Indians</keyword> (MI) captain <keyword id="19906064" type="General" weightage="20" keywordseo="Hardik-Pandya" source="keywords">Hardik Pandya</keyword> has been fined Rs 30 lakh and banned for one match after his team maintained a slow over-rate during their clash against <keyword id="19920572" type="General" weightage="20" keywordseo="Lucknow-Super-Giants" source="keywords" meta.keywordsubtype="org" meta.entityname="Lucknow Super Giants" meta.hostid="261" meta.entityid="Lucknow Super Giants">Lucknow Super Giants</keyword> (LSG) at the <keyword id="19921339" type="General" weightage="20" keywordseo="Wankhede-Stadium" source="keywords">Wankhede Stadium</keyword> on Friday in the ongoing Indian Premier League (IPL) 2024. <br /><br />Pandya received a one-match suspension, the same as Delhi Capitals (DC) captain Rishabh Pant received earlier in the season because this was the third time MI have been found guilty of the same offence. <br /><br />The five-time champions' ended their IPL campaign on Friday on a bitter note, which means Pandya will miss the team's first match of the next season. However in any case the the <keyword id="21158687" type="General" weightage="20" keywordseo="MI-skipper" source="keywords">MI skipper</keyword> moves to another team in the IPL 2025, the all-rounder will miss that particular team's opening game.<br /><br />This was MI's third offence to fall short of maintaining the minimum over rate. In addition to the one-match suspension, Hardik was fined Rs 30 lakh, while the Impact Player and the other members of the playing XII were each fined INR 12 lakhs or 50 per cent of their respective match fees, whichever was lower.<br /><br />A statement by IPL read, "As it was his team's third offence of the season under the IPL's Code of Conduct relating to a minimum over-rate offences, Pandya was fined INR 30 lakh and banned from playing the team's next match."<br /><br />"The rest of the members of the playing XI, including the Impact Player, were each individually fined either Rs 12 lakh or 50 per cent of their respective match fees," the IPL statement read."<br /><br />MI ended their season with an 18-run loss against Lucknow Super Giants (LSG) at their home Wankhede on Friday. It has been a disastrous season for the five-time champions, who managed just four wins from their 14 matches and finished at the bottom of the points table.<br /><br />Meanwhile, in just 14 IPL 2024 matches, Hardik amassed 216 runs, including a 46-run maximum. The all-rounder's season began to fall apart quite early on, with an average of just 18 and a strike rate of 143.05.<br /><br />Despite taking 11 wickets with the ball throughout the season, his economy rate was 10.75 and his average was 35.18.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank">Motorola Edge 50 Fusion vs OnePlus Nord CE 4 – price, specs and features compared</a><a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-z9x-5g-with-120hz-display-6000mah-launched-starting-at-12999/slidelist/110176453.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-z9x-5g-with-120hz-display-6000mah-launched-starting-at-12999/slidelist/110176453.cms" target="_blank">iQOO Z9x 5G with 120Hz display, 6000mAh launched starting at ₹12,999</a><a href="https://www.businessinsider.in/india/news/woman-loses-54-lakh-in-work-from-home-scam-heres-what-it-is-and-how-to-protect-yourself/articleshow/110166963.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/india/news/woman-loses-54-lakh-in-work-from-home-scam-heres-what-it-is-and-how-to-protect-yourself/articleshow/110166963.cms" target="_blank">Woman loses ₹54 lakh in work-from-home scam! Here's what it is and how to protect yourself</a></b><br />

MI skipper Hardik Pandya fined for maintaining slow over-rate, to miss first game of IPL 2025 season

Get ready, cinephiles! <keyword id="21272693" type="General" weightage="20" keywordseo="Payal-Kapadia" source="keywords">Payal Kapadia</keyword>'s groundbreaking film "<keyword id="21282411" type="General" weightage="100" keywordseo="All-We-Imagine-As-Light" source="keywords">All We Imagine As Light</keyword>," which made history as the first Indian film to win the Grand Prix award at the <keyword id="20668911" type="General" weightage="20" keywordseo="cannes" source="keywords">Cannes</keyword> <keyword id="20055573" type="General" weightage="20" keywordseo="film-festival" source="keywords">Film Festival</keyword>, is hitting theaters across India on November 22. This momentous announcement was made by the filmmaker during a press conference, bringing the excitement of international cinema right to Indian audiences.<br /><br />“This film has been years in the making, and with our partnership with <keyword id="23405698" type="General" weightage="20" keywordseo="Spirit-Media" source="keywords" meta.keywordsubtype="org" meta.entityname="Spirit Media" meta.hostid="261" meta.entityid="Spirit Media">Spirit Media</keyword>, I am incredibly excited for the next phase,” she expressed. “For the first time, a film of mine will be released in theaters, and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.”<br /><br />"All We Imagine As Light" first graced select theaters in Kerala in September before its successful run in France and Italy. Next up, the film is set to delight audiences in the UK and the US next month. The story revolves around Prabha, a nurse whose life is turned upside down by an unexpected gift from her long-estranged husband. Meanwhile, her younger roommate Anu is on a quest for privacy in the bustling city as she navigates her relationship with her boyfriend. The plot thickens when the two friends embark on a road trip to a beach town, where a mystical forest becomes a backdrop for their dreams to manifest.<br /><br />The film features an impressive cast, including Kani Kusruti, Divya Prabha, and Chhaya Kadam. It is an official <keyword id="23405702" type="General" weightage="20" keywordseo="Indo-French-co-production" source="keywords">Indo-French co-production</keyword>, brought to life by French company Petit Chaos and Indian production houses Chalk &amp; Cheese and Another Birth. Rana Daggubati, co-founder of Spirit Media, expressed his enthusiasm for the film, stating, “At Spirit Media, we are committed to bringing unique and meaningful stories to audiences across the country. Payal has made a beautiful film, and we can't wait to share it with Indian audiences.”<br /><br />“All We Imagine As Light” will be available in major cities like Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Pune, Kochi, Thiruvananthapuram, and Kolkata. So, mark your calendars for November 22, grab your friends, and get ready to witness the magic of this Cannes-winning film on the big screen.<br /><br />With its compelling narrative and stunning visuals, "All We Imagine As Light" promises to be an unforgettable cinematic experience that invites audiences to dream, reflect, and immerse themselves in the world Kapadia has crafted. Don’t miss out!<br /><br /><em>(With inputs from agencies)</em><br />

Cannes winner Payal Kapadia’s 'All We Imagine As Light' set for theatrical release on November 22 in all major Indian cities

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New Delhi: Tokyo gold medallist Indian para shuttler <keyword id="20462824" type="General" weightage="100" keywordseo="Pramod-Bhagat" source="keywords">Pramod Bhagat</keyword> will not be able to defend his title at the Paris <keyword id="20396851" type="General" weightage="20" keywordseo="paralympics" source="keywords">Paralympics</keyword> after he was handed a 18- month suspension for breaching BWF's anti-doping whereabout clause. "The Badminton World Federation can confirm India's Tokyo 2020 Paralympic champion Pramod <keyword id="20315592" type="General" weightage="20" keywordseo="bhagat" source="keywords">Bhagat</keyword> has been suspended for a period of 18 months and will miss the Paris 2024 Paralympic Games," the governing body said in a statement on Tuesday. <br /><br /> "In 1 March 2024, the Court of Arbitration of Sport (CAS) Anti-Doping Division found Bhagat in breach of the BWF anti-doping regulations for committing three whereabouts failures within 12 months." <br /><br /> The 36-year-old, an SL3 athlete, had appealed this decision to the CAS Appeals Division but it was rejected last month. <br /><br /> "On 29 July 2024, the CAS Appeals Division dismissed the Bhagat's appeal and confirmed the CAS Anti-Doping Division decision of 1 March 2024. His period of ineligibility is now in effect," the statement added. <br /><br /> His suspension is effective till September 1, 2025. <br /><br /> Bhagat had won a gold medal at the Tokyo Paralympics in men's singles SL3 category, beating Daniel Bethell of Great Britain in the final. <br /><br /> The 36-year-old Bihar-born shuttler had equalled the legendary Lin Dan of China by winning a fifth World Championships title in February last year at Pattaya, Thailand. <br /><br /> "It is extremely sad and unfortunate. He was a sure shot medal for India at the Paralympics but he is a fighter and I am sure he will come back stronger," Indian para-badminton head coach Gaurav Khanna told PTI. <br /><br /> Bhagat, who had contracted polio, resulting in a disability affecting his left leg at the age of five, is also a two-time Asian Games gold-medallist and is the current world No 3 in his category.

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